Smallcap Sweep. 17-Sep-198 warnings, a record.
Watchstone Group (WTG) sells Canadian Healthcare services business for $36.2m (£22.3m) (adj for cash/debt). Will have to pay pref share holders C$3.9m (£2.3m). Last H1 EBITDA was C$2.5m (£1.4m).
Toople (TOOP) order numbers in July & August ahead of expectations.
St James House (SJH) pre-paid card programme for its new client delayed by ommercial approvals. Also probs at Merchant services: "no traffic is currently being processed due to issues with the nature of traffic from clients onboarded during July and August".
Staffline (STAF) H1 poor as expected. Cuts FY adj op profit guidance to £20m. Blames weak consumer confidence. Prev guidance (June) was adj EBIT £23m-28m, which it also referred to as op profit.
Trackwise Designs (TWD) warns of material miss in FY rev and op profit. Challenging macro and market conditions hit the RF division.
KRM22 (KRM) H1. Failed to close orders as expected during the summer. Going concern stmt.
Surgical Innovations (SUN) H1 rev down 4%. Q2 poor, expects UK and EU markets will continue to be challenging, guides modest H1 rev growth over H1.
MS International (MSI) weak demand means "a substantial weakening in the Company's results." Acquires Armada Janse in Netherlands for €0.34m. Had FY rev €4.8m, tiny profit.
French Connection (FCCN) weak H1 with rev down 12% due to ongoing store closures and some wholesale shipments delayed to H2. Guides FY in line. Also delays company sale decision to end FY.
Spectra Systems (SPSY) gets funding approval for $1.3m contract with a G7 central bank to deliver three advanced quality control units. Guides FY profit to significantly exceed market expectations..
Loopup Group (LOOP) H1 rev up 86% but cuts FY rev growth guidance to 26% and EBITDA margin ~15%. "This guidance makes the cautious assumption that the headwinds strengthen even further during the second half before stabilising during FY 2020."
Quixant (QXT) weak H1 as warned with rev down 16%. "Order levels [from some large customers] will not return to those achieved in previous years both for the rest of this year and for at least the first half of 2020. New business from other customers has partially offset this shortfall."
Notes (do not rely on the data)
WTG: Price=93.2. Cap=43m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Watchstone Group provides technology enabled sales, legal and business process outsourcing services. Its business segments are Hubio, Ingenie, Healthcare Services, BAS, and Central.
TOOP: Price=0.28. Cap=3m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Toople provides telecommunication services in UK. The Company's services include business broadband, fibre, EFM & Ethernet data services, business mobile phones, cloud PBX and SIP Trunking and traditional services.
SJH: Price=63. Cap=2m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
STAF: Price=154. Cap=106m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Staffline Group PLC, together with its subsidiaries, provides recruitment and outsourced human resource service.
TWD: Price=125. Cap=19m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
KRM: Price=72. Cap=13m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
SUN: Price=2.1. Cap=17m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Surgical Innovations Group plc is principally involved in the design, development, manufacture, and sale of devices for use in minimally invasive surgery (SI) and precision engineering markets (PE).
MSI: Price=197. Cap=33m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
MS International along with its subsidiaries is engaged in the design and manufacture of specialist engineering products and the provision of related services. It manufactures defence equipment, and forgings equipment.
FCCN: Price=38.71. Cap=37m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
French Connection Group is a retailer and wholesaler of fashion clothing and accessories which designs, produces and distributes branded fashion clothing for men and women.
SPSY: Price=118. Cap=54m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Spectra Systems Corp invents, develops and sells integrated optical systems that provide customers with increased efficiency, security tracking and product life. The integrated systems combine consumables and engineered optical materials.
LOOP: Price=102. Cap=56m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
LoopUp Group is a software-as-a-service provider of remote meetings. Its products LoopUp helips in conferencing solution for remote enterprise meetings.
QXT: Price=302. Cap=201m. F/C for current FY*: EPS= NA, Prospective PE= NA, Revenue=NA.
Quixant and its subsidiaries are in the business of designing, manufacturing and selling of advanced PC based gaming platforms for the pay to play gaming and slot machine industry.
* F/C for prev FY if Prelims released todayData: yahoo, Google, MorningstarDYOR, E&OE etc etc. Your sanity may be at risk if you invest in smallcaps. I may have a position in any or all of the shares covered. RNSshttp://www.investegate.co.uk/index.aspx?limit=-1@MrContrarian